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La Caroza Group
In this Group: Simeon, Jose Antonio, Francisco Antonio, Luis Alonzo, Yessica Johana, Victoria , Jose Armando, Santos Reyes, Constantino, Neptali, Santos, Zoila Esperanza
Francisco is 43 years old, and lives with his wife and their six children in a village which is part of the municipality of Nueva Frontera, Santa Barbara. He has farmed his whole life, and has approximately 35 years of working with his own crops. He grows coffee, corn and beans, and sells his output in the local market.

He wants his land and crops to have better technical assistance so that he can have better harvests and obtain better profits, as he has future plans to buy two more manzanas (Central American unit of land measurement) of land already cultivated with coffee.

He has applied for a group loan in order to buy fertilizers and pay for labor, so that he can provide good maintenance to his coffee, corn, and bean crops.

The group is called "La Caroza" and is made up of 12 members who in the photo are identified as follows: on the left, standing, is Francisco, the coordinator; next to him is Luis, Yessica, Victoria, José and Santos. On the left, crouching, is Constantino, Neptali, Santos, Zoila, Simeón and José Antonio on the right. They all live in the same community and work in agriculture.

The total group loan is for 73,000 lempiras, and they will invest it in maintaining their crops.
View original language description ↓
Francisco, tiene 43 años de edad, vive junto a su esposa y sus 6 hijos en una aldea que pertenece al municipio de Nueva Frontera, Santa Bárbara. En toda su vida se ha dedicado a la agricultura, el tiene aproximadamente 35 años de trabajar con sus propios cultivos. Cultiva café, maíz y frijoles. La producción que obtiene la vende en el mercado local. El quiere que sus terrenos y los cultivos tengan mejor asistencia técnica para sacar mejores cosechas y obtener más ganancias ya que tiene planes a futuro de comprar dos manzanas más de terreno ya cultivado de café. El ha solicitado un préstamo en forma grupal para comprar fertilizantes y pago de mano de obra, para darle un buen mantenimiento al cultivo de café, maíz y frijoles. El grupo se llama La Caroza y está formado por 12 miembros que en la foto se identifican de la siguiente manera: a la izquierda de pie esta el coordinador Francisco, seguido esta Luis, Yessica, Victoria, Jose, y el señor Santos, y agachado a la izquierda esta Constantino, Neptali, doña Santos, Zoila, Simeón y Jose Antonio a la derecha. Todos viven en la misma comunidad y se dedican a la agricultura. El préstamo grupal total es por L. 73,000 y lo invertirán en el mantenimiento de sus cultivos.

Additional Information

About Organización de Desarrollo Empresarial Femenino Financiera, S.A.

This loan is administered by Organización de Desarrollo Empresarial Femenino Financiera, S.A. (ODEF), a Kiva Field Partner in Honduras. A leader in the microfinance sector since 1985, ODEF strives to combat poverty by offering a wide array of financial services to low-income men and women. The organization works with its parent NGO, ODEF OPD, to provide training and technical assistance to impoverished microentrepreneurs. By incorporating the entire family unit in this process, ODEF OPD aims to improve the standard of living through the creation of profitable enterprises. Visit ODEF’s partner page for more information.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Honduras

  • $4,800
    Average annual income
  • 95
    View loans »
    Honduras Loans Fundraising
  • $8,676,100
    Funds lent in using Kiva
  • 19.8
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of La Caroza Group's $3,700 loan helped a member to buy fertilizers and pay for labor for growing coffee, corn and beans.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 30, 2012
Listed
Dec 14, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013